🔴NT: How to run STRATEGY AND ROBOT BACKTESTING on NINJATRADER and create SIMULATION ACCOUNTS

Hey everyone, this is John Daniels, and this is the last video in the introductory series on Ninja Trader. In this video, we'll show you how to create different simulation accounts and introduce you to ways to perform backtesting on the NinjaTrader platform. So, follow me on screen. Okay, let's get started. The first thing we need to do is create a simulation account within NinjaTrader. With the platform open, I'm not connected to anything. I'm on the Control Center's Accounts tab, and here I only see one simulation account, the default account. Every NinjaTrader installation comes with this account, SIM 101. I'll right-click on "Add Simulator" and create an account here. I can just put "backtest." I'll use BRL for the denomination here. I can include a commission scheme. There are three predefined here, but I can show you later how to define commissions. It's important to define commissions for backtesting; I've covered this in other videos, more related to the Profit Chart, but the concept is the same regardless of the platform—we have to add commissions and transaction costs. So, here we have "Max Order Size," the initial capital of 100,000 BRL. You can configure this for less. Let's say my account is 5,000 BRL; I'll put 5,000. I'll leave it at 100,000 just so we don't worry about this detail right now. Maximum order size, maximum position size, risk. So, here we can also configure a risk policy. I'll click OK here. Done, it's created.